STAT TECH IN BUSINESS & ECON AC
18th Edition
ISBN: 9781264731657
Author: Lind
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Question
Chapter 17, Problem 37CE
To determine
To find: The Fisher’s ideal index.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Engr. Dacara is given a load to teach Work Study and Measurement to his IE class.
During the first meeting of the semester, he targeted to deliver a total of 54 home
activities will be allocated for each student enrolled to accomplish the 18-week
semester from February to June.
a. How many home activities should each student finish per week to meet the
deadline?
b. Due to delays on enrollment and other factors, 33.33% of the semester
time was lost. What will be the new set-up for each student to finish to meet
the deadline?
am. 105.
The prices of agricultural commodities for 1946-47 and for the inonth of Dece:mber
1950 are given below along with the value of the output of hese commodities in 1946-47:
Value of outptl
in million (Rs.)
Prices
ELIII
Commodities
Unit
1946-47 (Rs.)
Dec. 1950 (Rs.)
(1946-47)
13.75
9-70
8364
Rice
Wheat
Jowar
maund
таund
13-75
9.70
2207
6:03
8.00
876
maund
466 00
433.00
701
Cotton (raw)
Tea
Ibs.
1:25
1:75
534
Ibs.
Calculate the weighted index mumber of prices of these commodities for December 1950 taking
1946-47 as base.
Chapter 17 Solutions
STAT TECH IN BUSINESS & ECON AC
Ch. 17 - Prob. 1.1SRCh. 17 - Prob. 1.2SRCh. 17 - Prob. 1ECh. 17 - Prob. 2ECh. 17 - Prob. 3ECh. 17 - Prob. 4ECh. 17 - Prob. 2SRCh. 17 - Prob. 5ECh. 17 - Prob. 6ECh. 17 - Prob. 7E
Ch. 17 - Prob. 8ECh. 17 - Prob. 3SRCh. 17 - Prob. 9ECh. 17 - Prob. 10ECh. 17 - Prob. 4SRCh. 17 - Prob. 11ECh. 17 - Prob. 5SRCh. 17 - Prob. 6SRCh. 17 - Prob. 7SRCh. 17 - Prob. 13ECh. 17 - Prob. 14ECh. 17 - Prob. 15ECh. 17 - Prob. 16ECh. 17 - Prob. 17CECh. 17 - Prob. 18CECh. 17 - Prob. 19CECh. 17 - Prob. 20CECh. 17 - Prob. 21CECh. 17 - Prob. 22CECh. 17 - Prob. 23CECh. 17 - Prob. 24CECh. 17 - Prob. 25CECh. 17 - Prob. 26CECh. 17 - Prob. 27CECh. 17 - Prob. 28CECh. 17 - Prob. 29CECh. 17 - Prob. 30CECh. 17 - Prob. 31CECh. 17 - Prob. 32CECh. 17 - Prob. 33CECh. 17 - Prob. 34CECh. 17 - Prob. 35CECh. 17 - Prob. 36CECh. 17 - Prob. 37CECh. 17 - Prob. 38CECh. 17 - Prob. 39CECh. 17 - Prob. 40CECh. 17 - Prob. 41CECh. 17 - Prob. 42CECh. 17 - Prob. 43CECh. 17 - Prob. 44CECh. 17 - Prob. 45CECh. 17 - Prob. 46CECh. 17 - Prob. 47CECh. 17 - Prob. 48CECh. 17 - Prob. 49CECh. 17 - Prob. 50CECh. 17 - Prob. 51CECh. 17 - Prob. 52CECh. 17 - Prob. 53CECh. 17 - Prob. 54CECh. 17 - Prob. 55CE
Knowledge Booster
Similar questions
- Find the mean hourly cost when the cell phone described above is used for 240 minutes.arrow_forwardI. The Department of Agriculture obtained the following data representing the one week growth in centimeters of 30 newly planted corn plants.arrow_forwardA survey found that women's heights are normally distributed with mean 62.1 in. and standard deviation 3.1 in. The survey also found that men's heights are normally distributed with mean 68.9 in. and standard deviation 3.6 in. Most of the live characters employed at an amusement park have height requirements of a minimum of 57 in. and a maximum of 64 in. Complete parts (a) and (b) below. a. Find the percentage of men meeting the height requirement. What does the result suggest about the genders of the people who are employed as characters at the amusement park? The percentage of men who meet the height requirement is %. (Round to two decimal places as needed.)arrow_forward
- Q.3 Explain the following weighted index numbers. (a) Laspeyre's Price Index Number (b) Passche's Price Index Numberarrow_forwardThe Department of Agriculture obtained the following data representing the one-week growth in centimeters of 30 newly planted corn plants.arrow_forwardThe following data show defective articles produced by 4 machines: Machine: A В C D Production time: 1 1 No. of detectives: 12 30 63 98 Do the figures indicate a significant difference in the performance of the machines?arrow_forward
- The following equations were estimated using the data in LAWSCH85: Isalary = 9.90 – .0041 rank + .294 GPA (.24) (.0003) (.069) n = 142, R? = .8238 Isalary = 9.86 – .0038 rank + .295 GPA + .00017 age (.083) (.29) (.0004) (.00036) n = 99, R? = .8036 How can it be that the R-squared is smaller when the variable age is added to the equation?arrow_forward18. Extrapolate the business done in 2018 from the following data : 2014 Year : 2013 2015 2016 2017 Business done (Rs. lakh) : 150 235 365 525 780arrow_forwardIm having trouble on the last part which is Part c. I dont know if its C or B. I think its B but im not sure. The rest dont bother doing because im pretty sure its right so just focus on part carrow_forward
- The height of 10 skeletons (denoted by the variable stature) and the length of the middle metacarpal bone were measured (the metacarpal bones are in the hand between the wrist and fingers). The skeletal height is measured in centimeters and the metacarpal length in millimeters. The scatterplot is given below. X 1. Describe what the scatterplot tells you about the direction, form, and strength of the relationship. stature (cm) 180.0 172.5 165.0 157.5 - . + + 51 39 45 metacarpal size (mm) 2. In this setting, is there a definite explanatory variable and response variable? Justify your answer. 3. Estimate the correlation between metacarpal length and stature. No calculations are necessary. 4. If the height and metacarpal length of the skeletons had been measured in inches, instead of centimeters and millimeters, how would the correlation between stature and metacarpal length for these 10 skeletons have been affected? Explain. 5. One of these skeletons (identified by the X) had a metacarpal…arrow_forward3. The table below gives details of price and consumption of 5 commodities for 1995 and 1997. Using an appropriate formula arrive at an index number for 1997 prices with 1995 us base. Price per unit 1997 Consumption vulue 1995 800 Commodities Price per unit 1995 Rice 40 48 Wheat 25 27 400 Oil 95 105 760 Fish 110 120 1100 Milk 80 100 480arrow_forwardIt is your responsibility, as the new head of the automotive section of Nichols Department Store, to ensure that reorder quantities for the various items have been correctly established. You decide to test one item and choose Michelin tires, XW size 185 × 14 BSW. A perpetual inventory system has been used, so you examine this as well as other records and come up with the following data: Cost per tire Holding cost Demand $35 each 20 percent of tire cost per year 1,000 per year $20 per order Ordering cost Standard deviation of daily demand Delivery lead time 3 tires 4 days Because customers generally do not wait for tires but go elsewhere, you decide on a service probability of 98 percent. Assume the demand occurs 365 days per year. a. Determine the order quantity. (Round your answer to the nearest whole number.) Order quantity tires b. Determine the reorder point. (Use Excel's NORMSINV() function to find the z value. Do not round intermediate calculations. Round z value to 2 decimal…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Mathematics For Machine TechnologyAdvanced MathISBN:9781337798310Author:Peterson, John.Publisher:Cengage Learning,College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningFunctions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage Learning
Mathematics For Machine Technology
Advanced Math
ISBN:9781337798310
Author:Peterson, John.
Publisher:Cengage Learning,
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Functions and Change: A Modeling Approach to Coll...
Algebra
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Cengage Learning